In Vietnam, cooking oil prices hit a record

As noted by VnExpress from the beginning of the year until now, the price of vegetable oil has been adjusted three times by dealers from 32,000 VND to 48,000 VND per liter. The retail price of this item also doubled over the same period in 2020, to 48,000-55,000 VND per liter. Similarly, mid- and high-end product lines such as soybean oil, sunflower, and brown rice increased to VND 68,000-85,000 per liter, up 90% over the same period in 2020. Ms. Hoa, the owner of a grocery store on Nguyen Oanh Street (Go Vap) said that the price of oil is adjusted continuously, so she only imports the product lines with the most attractive prices. Particularly for high-end product lines, dealers have stopped taking goods from the end of March to avoid inventory because of high prices. "The price of cooking oil has never increased as strongly as this year," Ms. Oanh said. At the supermarket systems, many promotions and discounts are offered, but the managers said that currently cooking oil is ...